Chairman Kohl Finds Employer Groups' Silence Deafening; Fear of "Retaliation" from PBMs Cited
12/6/2011 7:00 PM
"It is notable that no large employer who privately expressed concerns to us wished to testify at today's hearing, often telling us that they feared retaliation from the large PBMs with whom they must do business," stated Chairman Herb Kohl (D-WI) at a hearing of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights today.
The panel's hearing focused on the proposed merger of pharmacy benefit manager (PBM) companies Express Scripts and Medco.
The gravity of the comment was not lost on reporters Brent Kendall
of Dow Jones Newswires and Diane Bartz
of Reuters, who filed stories on the topic.